Chart of the Day: Posh condo units bought by foreigners rose 3ppt to 12%

Condos bought by foreigners surged 46.7% to 361 units.

This chart from Edmund Tie Research revealed that the proportion of foreigners who bought units priced $2-3m rose from 9% in Q2 to 12% in Q3. Singaporeans buying condo units priced higher than $3m also grew three percentage points to 53% over the same quarter.

Additionally, the sales volume for all three groups of buyers grew for purchases of units priced lower than $1.5m. In particular, the volume by foreigners ranging between $1m to $1.5m more than doubled to 102 units for the quarter.

Sales volume by foreign buyers surged 46.7% to 361 units in Q3 despite the higher Additional Buyer's Stamp Duty rates tagged to foreign purchases.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Singtel had the most growth for the day.
This is despite its improved performance in two categories.
The expected increase will be driven by three factors.
The two also discussed post-pandemic recovery.
It also recorded a strong performance for H1 2021, despite a net loss of $150.6m.
Jigger & Pony found itself retaining its ninth ranking.
The moderate increase was driven by expansions in five out of six indicators.
Perpetual (Asia) Limited is on the other end of the agreement, as the purchaser.
CLSA will serve as issue manager of the proposed spin-off and listing.
Yangzijiang Shipbuilding had the most growth for the day.
The new facility is the first of its kind in Singapore.
Proceeds will be used for Olam's general corporate purposes.
The completion of divestment will take place during the first quarter of 2022.
This is to raise gross proceeds of more than $200m.